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Forex

December 2018

NAB haunted by foreign exchange woes more than a decade after trading scandal

Independent report finds NAB's systems were unable to prevent, detect or respond to employee misconduct on its foreign exchange desk.

August 2018

ETFs have become a $5.5 trillion phenomenon as more investors worldwide switch from active managed funds that aim to outperform, to cheaper index funds that replicate a market return.

Explosive growth of ETFs a boon for investors but there are risks

Investors need to do their homework to be adequately prepared for the tens of billions expected to flow into Australian ETFs in the next few years.

April 2018

George Soros has already been indirectly betting on crypto. The firm amassed a stake in Overstock.com in the fourth quarter, making it the third-biggest shareholder of the discount e-commerce company.

George Soros prepares to trade cryptocurrencies as prices plunge

George Soros called cryptocurrencies a bubble in January. Now his $33 billion family office is planning to trade digital assets.

March 2018

Bitcoin's 'death cross' looms as strategist predicts 76 per cent drop to $US2800

Traders who look for future price direction in chart patterns are finding more indicators suggesting the world's largest digital currency may have further to fall.

Bitcoin is worthless and the bubble is set to pop, Allianz Global Investors say

It’s a matter of when, not if, the Bitcoin bubble will pop, according to Allianz Global Investors, who manage $785 billion.

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These are the 12 cryptocurrencies fintech experts say will soar by end of 2018

A group of fintech leaders say bitcoin's 194 per cent growth will be miniscule compared with rising cryptocurrency stars.

February 2018

Get ready for most cryptocurrencies to hit zero, Goldman Sachs says

The tumble in cryptocurrencies that erased nearly $US500 billion ($639 billion) of market value over the past month could get a lot worse, according to Goldman Sachs.

Meet the teenaged 'Wolf of Crypto Street' who turned his savings into millions

Eddy Zillan invested his entire savings into cryptocurrencies when he was 15 years old and made over a million dollars in profits. He now offers his services as a cryptocurrency consultant.

Bitcoin plunges to a 2018 low with $55 billion wiped out as concerns mount

Bitcoin declined as much as 12 per cent on Thursday to $US8796, the lowest since November, in part on concern India may crack down on cryptocurrencies.

January 2018

Facebook just banned ads for bitcoin and other cryptocurrencies

Facebook is banning ads on its social network that promote cryptocurrencies, saying they're "frequently associated with misleading or deceptive promotional practices".

Bitcoin can drop 50 per cent and China miners will still make money

Bitcoin mining is so profitable in China that the cryptocurrency could fall by half and miners would still make money, according to Bloomberg New Energy Finance.

ATO creates specialist task force to tackle cryptocurrency tax evasion

The Australian Taxation Office is assembling a team of tax experts and lawyers to help it identify and track crypto currency transactions.

Kodak - Glebe

Kodak shares soar as company launches KODAKCoin cryptocurrency

Shares of Eastman Kodak have surged 130 per cent after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.

Bitcoin and other cryptocurrencies plunge as regulation, demand concerns linger

Bitcoin has slumped, dragging down smaller rivals such as ether and litecoin, as concerns that regulators will tighten their grip on the market weigh on the the world's largest cryptocurrency.

Bitcoin gains on report Peter Thiel has made multimillion-dollar bet on currency

Bitcoin is getting a boost from a report that billionaire Peter Thiel is making a big bet on cryptocurrency.

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Criminals are dropping bitcoin for another currency: monero

Bitcoin is losing its lustre with some of its earliest and most avid fans - criminals - giving rise to a new breed of virtual currency.

Ripple's 53 per cent surge makes it the 2nd-biggest cryptocurrency

A new contender has moved into second place in the race to catch bitcoin.

December 2017

Is bitcoin back? Cryptocurrency passes $US16,000 as rebound begins

Bitcoin rallied past $US16,000 on Tuesday US time as traders of the world's biggest digital currency sought to draw a line under its rollercoaster five-day slump.

Bitcoin extends sell-off as cryptocurrency recovery fizzles

The biggest cryptocurrencies resumed their decline over the long holiday weekend, failing to reverse a sell-off that began when bitcoin’s unprecedented rally fell short of breaking above $US20,000.

Bitcoin intensifies pain for some as ransom demands rocket

Hey, want those photos and files back? It may cost more than it used to. Thank bitcoin.

Original URL: https://www.afr.com/topic/forex-hxd